https://www.taxtmi.com/caselaws?id=411500 The High Court determined that the pending appeal before the ITAT was a Revenue appeal, making the petitioner liable to pay only 50% of the disputed tax under the DTVSV Act. Additionally, the court ruled that the DTVSV Act does not authorize the recovery of interest paid under Section 244A by adding it to the disputed tax. Consequently, the court quashed Form-3 and directed the Designated Authority to issue a new Form-3 for the revised disputed tax amount, with the petitioner required to make payment within two weeks. en-us Wed, 25 Aug 2021 00:00:00 +0530 Fri, 22 Oct 2021 15:22:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=411500 The High Court determined that the pending appeal before the ITAT was a Revenue appeal, making the petitioner liable to pay only 50% of the disputed tax under the DTVSV Act. Additionally, the court ruled that the DTVSV Act does not authorize the recovery of interest paid under Section 244A by adding it to the disputed tax. Consequently, the court quashed Form-3 and directed the Designated Authority to issue a new Form-3 for the revised disputed tax amount, with the petitioner required to make payment within two weeks. Case-Laws Income Tax Wed, 25 Aug 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=411500